Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1887-12-12
WEEKLY TRADE BULLETIN
MONEY EASIER THAN A WEEK AGO,
BUT RATES HIGH.

BUT RATES HIGH.
The Agitation of the Tarin Question
Begins to Be F~eIt-Trade Fair at IN
terror Points--The Freight Movement
business Failures.
New YORK, Dec. 10.-R. G. Dun s.
Co. IS weely review of trade will say:
Legitimate trade continues fairly active
for the season, though embarrassed in
some branches by tae fluctuations in
speculative markets. Speculation in
products, after a few days of wild adj
vance, has taken a turn downward, as the
natural result of 0 sales to re-
altze. With a rapidly expanding cur
rency money is generally easier than a
week ago, though rates are still high at
many points and complaints of slow coll
lections do not diminish.
The agitation of the tariff question al
ready begins to AUS revision OF calcula-
lions for the future in some departments.
The sharp decline in real estate speeula-
ton and prices, at Some southern and
western points, tends to check develop
ments there, n subjects investors TO
some financial strain.
Large sales of Bessemer iron at $40. SO
are reported, and a sale of steel rails at
$31 at The mill has been made. Buyers
still are backward, but brokers openly
offer sales below $32. One of the Thomas
furnaces goes out of blast, and the Lee
high strike causes some embarrassment.
Coal has declined about. 81, with orders
s~lackening. WooleDs do not i'm
prove In demand, and heavy
goods open, in some cases below last
years prices, SO that manufacturers are
not encouraged to increase their pur-
chase of raw wool, which appears rather
weak. Raw cotton has declined an
eighth, but goods are held at recent adj
yances. The boo and shoe trade is large
and promising, with exceptionally good
payments and cheaper material, but
there is no complaint that competition
cuts down prices too far. Leather is
weaker, but tanners reason that after sew
en- years decline prices are low enough.
The movement of freight west
ward shows an increase d
15, 600 ttons for November and
shipments are increasing. The
exchanges of all cities outside of
NeW York begin to fall below those of
last year; the decline at all cities last
week was 143 per cent. and outside of
New York 7.6 per cent. AT most interior
points trade is reported fairly for the
season, but collections are ',slow and
have to be forced at Atlanta, slow at
Detroit, fair at Memphis and Omaha, and
rathes better at Kansas City. Money at
Chicago is In undated demand at z
per cent. aud operators bid 8 for
funds to carry products. In in
terror towns estern bills are quoted
at par, bank balances at New York
having been drawn as low as convenient.
Though the money markets are on the
whole easier, the pressure at speculative.
centers continues. This treasury has
paid out for the week 800, 900 more than
1t has taken in, and since July l has In
creased the aggregate circhlation$53 900,
000. Exports from New York for five
weeks are z per cent. above those of the
same weeks last year. Wheat specuia-
ton reached SO, 900, 900 bushels on Tues
day and 100, 600, 900 for the week, and
prices sa=anssa sharply, only TO close q
shade lower than a week ago. Corn and
oats gain 3 and / 1-6 cents for the week,
and oil is unchanged. Coffee has
advanced half a cent, and the excitement
In minor metals has lifted copper / 1-2
cents and tin nearly l cent per pound,
the reaction in pork PRODUCTS takes
prices q little lower than a week ago.
The average rise In food products since
July ! was a shade over 20 per cent. on
Tuesday, and it is questioned whether
legitimate effect of a partial failure
Of crops has not been fully realized in
prices, but the increasing supply of cur
rpnCv Qfil1 fQpda tn Haan onaor,1at 49,
active. Stocks have been weaker since
congress met, though holders look for a
better demand in January, when yearly
dividends and profits come to be invest
ed. The total business failures for the
States and Canada this week are
s54, for the corresponding week of last
year. 4